World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Somewhat Tumultuous WASDE

The November WASDE report usually involves some tweaking of the numbers by USDA, and that is all it mostly was today, but with some quirky impacts. First, there were a few surprises but not dramatic ones and yet the report spurred larger to outsized volume in trading across the grain and oilseed contracts. There appeared to be an initial overreaction since overall pre-report lower trading initially jumped dramatically higher. January soybeans initially traded as much as 17 cents higher. However, after more fully absorbing the report’s nuances, contract values reversed and then wobbled closer to unchanged. The mixed reactions are understandable in context:CornBullish:USDA lowered 2024/25 corn yield by 0.38 percent, versus an expected sm...

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Transportation Perspectives - 16 April

WPI has officially launched Transportation Perspectives as a standalone weekly report separate from our Ag Perspectives articles and analysis. Current Ag Perspectives subscribers will have gratis access to the report through 16 April 2026. Please email us or subscr...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly cattle on feed report for 1 April will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.6 million head. The big line item to watch agai...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5125/bushel, up $0.0825 from yesterday's close.  May 26 Wheat closed at $5.9375/bushel, up $0.0175 from yesterday's close.  May 26 Soybeans closed at $11.67/bushel, up $0.09 from yesterday's close.  May 26 Soymeal closed at $334.4/short ton, up $4.7 from...

Transportation Perspectives - 16 April

WPI has officially launched Transportation Perspectives as a standalone weekly report separate from our Ag Perspectives articles and analysis. Current Ag Perspectives subscribers will have gratis access to the report through 16 April 2026. Please email us or subscr...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly cattle on feed report for 1 April will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.6 million head. The big line item to watch agai...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5125/bushel, up $0.0825 from yesterday's close.  May 26 Wheat closed at $5.9375/bushel, up $0.0175 from yesterday's close.  May 26 Soybeans closed at $11.67/bushel, up $0.09 from yesterday's close.  May 26 Soymeal closed at $334.4/short ton, up $4.7 from...

feed-grains soy-oilseeds wheat

Market Commentary: Markets Discount Risk as Grains Quietly Hold Ground

Key Market Developments Macros & Energy:  Outside markets continue to trade in a tug-of-war between escalation and de-escalation — and crude oil is right at the center of it. Overnight, crude pulled back toward $87 as headlines pointed to a potential resumption of peace negotiat...

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